Member Info for surprised

these guys are as good at investing as they are running the business of mining....

Capital reports its investment portfolio position within the interim and full year results. However, returns through Q3 2021 have been significant relative to the size of the portfolio announced in June. These returns are largely attributable to the performance of two key portfolio holdings and have driven an increase in the total investments value of approximately $23.2 million, taking the period end portfolio value to $54.2 million from $31.0 million at 30 June 2021.

https://www.lse.co.uk/rns/CAPD/direct-investments-update-2m9f5zo3e1yn0hm.html

Strong underlying revenue growth despite COVID-19 challenges and licensee underpayment – Growth from sales of Murata parts and cylindrical supercapacitors were offset by a reduction in Licensing and Royalty revenues and low production in Malaysia due to COVID-19. In particular, CAP-XX is pursuing a licensee for underpayment of royalties with the A$200k accounting provision indicating a much higher missed payment.
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Sales push in IoT and demand led in auto – CAP-XX is focusing its resources on near-term IoT opportunities which leverage the Murata production assets. Demonstrating this is the recent addition of Kessler Batteries as distributor in the Americas. Another positive sign is the commitment to commission and commence shipments of the very thin DMH supercapacitor line by 2022. In auto, the strategy has shifted to partner with and leverage the capability of keen Tier-1/Tier-2 suppliers, as demonstrated by the relationship with RGM announced on 21 July 2021. ?

Fund raise provides solid founding for growth – Several one-off costs affected the end of FY21 including bad debt provision, legal fees, non-cash forex, delays in the sale of employee share options, and additional Murata project expenses (part stocking). The A$5m fund raise post period end provides a solid platform for growth leveraging the successful commissioning of former Murata production equipment. This increased production capacity, price competitiveness and existing captive customer base should enable very strong growth in product sales and in turn EBITDA breakeven on a non-adjusted basis.

? We maintain our DCF valuation of 15p at 13% discount rate with the potential for this to increase significantly as confidence in its path to profitability increases. Our valuation leaves upside from more licensees, including a potential result against Maxwell/Tesla, greater long-term market share than 5%, as well as the potential for greater growth in supercapacitor demand from IOT

https://twitter.com/surprised_trade/status/1422842958798376960

three-year strategic agreement with large long-term customer operating in the defence sector with the option for the client to extend the agreement by an additional two years.

MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce that its subsidiary, MTI Summit, has a signed a three-year strategic agreement with a large, long-term customer operating in the defence sector with the option for the client to extend the agreement by an additional two years.

The new strategic agreement confirms MTI Summit as the primary supplier of an extensive range of components with pre-agreed pricing, enabling the customer to make orders quicker and more efficiently than the current process. In recent years the customer has ordered approximately $4 million of components from the Group per annum and with this agreement in place the MTI Board believe that the level of future orders is likely to be higher.

https://twitter.com/surprised_trade/status/1443286797266702339

decent results, all on track to turn profitable with further upside as per both broker notes, No debt and cash £2.8m in August with a further £1.5m due before year end.....

https://twitter.com/surprised_trade/status/1443121124448129027

new hold #STCM 42.44p...built position in past couple of days at 42.44p average, cement producer, mkt pull back provides opportunity

Allemby have also released a broker note just now (see latest tweet) , they see fair value at 16.5p with further upside ahead too re Ip , etc .....also in addition to the A$5m fund raise post results period that provides a solid platform for growt they anticipate an R&D tax rebate of c. A$3.0m later this year....all on track :-)

https://twitter.com/surprised_trade/status/1443109666578485251

Broker note out ...fair value target 15p+ following todays fy221 result

The A$5m fund raise post period end provides a solid platform for growth leveraging the successful commissioning of former Murata production equipment. This increased production capacity, price competitiveness and existing captive customer base should enable very strong growth in product sales and in turn EBITDA breakeven on a non-adjusted basis.

FY21 results were in line with the recent trading update with strong product sales growth of 30%, leading to a reduction in the Adjusted EBITDA loss to A$0.4m (down from A$1.6m in FY20). The Outlook statement notes FY22 has started well, it expects to retain more that 75% of Murata customers by value and that trading is in line with market expectations.

CAP-XX is focusing its resources on near-term IoT opportunities which leverage the Murata production assets. Demonstrating this is the recent addition of Kessler Batteries as distributor in the Americas. Another positive sign is the commitment to commission and commence shipments of the very thin DMH supercapacitor line by 2022. In auto, the strategy has shifted to partner with and leverage the capability of keen Tier-1/Tier-2 suppliers, as demonstrated by the relationship with RGM announced on 21 July 2021

We maintain our DCF valuation of 15p .......at 13% discount rate with the potential for this to increase significantly as confidence in its path to profitability increases. Our valuation leaves upside from more licensees, including a potential result against Maxwell/Tesla, greater long-term market share than 5%, as well as the potential for greater growth in supercapacitor demand from IOT than assumed based on market forecasts

https://twitter.com/surprised_trade/status/1442839117465899009

general mkt pull back provides greater upside as detailed below ....#TSL is 'reviewed' tonight at the Mello event, if they're sensible a number of folk will see the upside here..... .target 160p+

(will be interesting to see the Mello take on on TSL , they missed the 'opportunity' with KAPE when it was 197p, now 430p, so with more detail in the public domain and the increasing global growth of buy now pay later and importantly TSL's growing stake in Clearpay the upside ahead will no doubt be recognised by some investors ...)

added a few more to my holding :-)

Liontrust Investment Partners increase holding in TLY to 5.24 percent......someone else is interested ....

https://www.lse.co.uk/rns/TLY/holdings-in-company-lvmcevstafe1yy1.html

ideal time is before it becomes everyones favourite ;-)

https://twitter.com/surprised_trade/status/1442510594670686220

added to holding on that 'out of blue drop' at 192p

Copy of article today -

This contract extension secures revenue for the Company until 2023, both improving the financial performance and visibility on earnings for investors.

Clearly contract extensions are a direct reflection of high levels of satisfaction of products and services provided by the Company to date.

Therefore, as one of the UK’s leading national specialist providers of urgent care services, we would expect to see more of these contracts over the next 12 months as the Country prepares to take care of its population in a post pandemic world.

Shares in TLY have doubled in value over the past 12months, the shares have been somewhat volatile, over the past three months, reflecting the uncertainly regarding the future performance of the NHS as we enter the critical winter months.

The shares should trade strongly from here as the UK Government reassures that protecting the NHS remains a key priority for the UK.

Totally has established itself as a component of the provision of healthcare in Ireland the UK. Its Urgent Care, Planned Care and Insourcing services have all secured significant contracts across its target markets and now class themselves as ‘key partners’ to the NHS

Resilient Operating Model

Urgent Care, Planned Care and Insourcing services all operate in complementary market segments at different parts of the healthcare cycle. In its 1H20 results for the six months ended 30 September 2020, the group demonstrated increasing revenue, service-led margins and a strong operating cash flow to support a progressive dividend policy for shareholders.

https://twitter.com/surprised_trade/status/1441285211124240384

TLY has been awarded several contract extensions worth a total of c. £16m.

https://*********************/newsfeed/article/totally-plc-urgent-care-contract-extensions-worth-c-16m-1273976

https://twitter.com/surprised_trade/status/1440628546284634120

new hold ...Sustainable growth built on a focused brand portfolio (which now includes the Salter range), stronger distribution online and into supermarkets, plus further international progress

indeed, general mkt pull backs provide opportunity to take a position ahead of any upside at a much cheaper price, ensuring all is in place ahead of any bullish news is the key :-)

'.....you can add ThinkSmart’s net cash of £7m and other net assets of £2.5m to arrive at a mark-to-market sum-of-the-parts valuation of 164p a share for ThinkSmart’s own shares.
On this basis, the share price discount is 37 per cent and can only narrow as more investors cotton onto the real possibility that Square will attempt to buy out ThinkSmart’s 10 per cent interest in Clearpay for cash..'

indeed, the value of TSL's investment in Clearpay will clearly continue growing from here and it would be a consideration for AP/Square to buy out their stake at some point, however, TSL may consider it beneficial to let it run on , so increasing value to 160p+ on current view or substantially higher if growth continues in the BNPL mkt as expected....Square/AP will have to make TSL a very attractive offer I would assume to tempt them to hand over their stake..TSL shareholders should benefit substantially either way ...

with respect Eddie , that's the exact point , secure a holding in an under rated stock before it re rates , TLY provides for that exact scenario...position, await the mkt catching up....too late if you do it the other way around :-)